Tetsuo Iwamura, Executive Vice President of Honda Motor Co, walks into a news conference at the company's headquarters in Tokyo October 28, 2014. Honda Motor Co Ltd cut its sales forecasts for this year citing competition in Japan and China as well as the impact of recalls on new model launches, but said a weak yen will help it stick to its operating profit estimate at 770 billion yen. REUTERS/Yuya Shino (JAPAN - Tags: TRANSPORT BUSINESS) - RTR4BU8K